Public Hearing: YES ☐ NO ☒ Department: Airport
SUBJECT:
Title
Commission District(s): 1 and 6
Lease Agreement with Hermeus Corporation. There is no cost to the County.
Body
Information Contact: Hunter Hines, Interim Airport Director
Phone Number: 770.936.5440
PURPOSE:
To consider approval of a two-year Lease Agreement with Hermeus Corporation, effective April 1, 2025; and
To consider authorizing the Chief Executive Officer to execute the Agreement
NEED/IMPACT:
The initial term of this lease is for two years. The lease contains the provision of one (1) additional automatic one-year extension. The extension includes a rent increase of seven percent (7%) or an increase based on the consumer price index (CPI) whichever is greater.
For tenant to rent 25,600 square feet of undeveloped ground at the Airport.
Rental is comprised of the actual monthly rental fee for the leased premises ($1,301.33).
The DeKalb Peachtree Airport Advisory Board at their meeting on March 10, 2025, unanimously approved the lease agreement.
The County Attorney has reviewed the document and approved it as to form pending Governing Authority approval.
FISCAL IMPACT:
This is a revenue generating lease agreement. There is no cost to the County.
RECOMMENDATION:
Recommended Action
To approve the resolution and authorize the Chief Executive Officer to execute all necessary documents...
Attachment: Lease Agreement with Hermeus Corporation